Maximize Your Financial Aid Understanding Expected Family Contribution

The EFC is calculated from the data submitted on financial aid forms – FAFSA and CSS Profile. Colleges use your family's EFC to determine ... The EFC is used to determine the student's level of demonstrated need and overall eligibility for aid; this will appear on your offer letter from the University ... The EFC is a measure of how much the student and his or her family can be expected to contribute to the cost of the student's education for ... calculate the Expected Family Contribution (EFC) for dependent and independent students. An EFC is calculated when the FAFSA is valid (i.e. not in a rejected. This report describes the need analysis formulas used to calculate the Expected Family. Contribution (EFC) for federal student aid ... Expected Family Contribution · This calculation provides an amount the government has determined that your family can afford to pay toward your college expenses ... Generally speaking, families want a lower EFC since that means they can qualify for more financial aid and potentially pay less out-of-pocket for higher ... The Student Aid Index (SAI) is essentially a new name for the Expected Family Contribution (EFC). It is used along with the Cost of Attendance (COA) and Other ... First, you'll need to figure out your expected family contribution (EFC). Your EFC is based on a formula made by the US Department of Education. In conclusion, your EFC is an important factor in the financial aid process and can have a significant impact on your ability to afford college.